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Search Results 0 to 7 of about 8 (some duplicates have been removed)
on the table. have real entitlement reform. on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right now. even the most conservative member of congress only proposes to bring spending down to say 20% or even 19% of gdp. you still have a 4% to 5% gap. that represents hundreds of billions of dollars that has to be made up. even if you assume growth could get back to 3%, that won't make up the gap. so taxes have to be on the table. there's no way to get around that if you want to actually deal with the fiscal crisis that we have. and what is most heartening to me is to learn today that the president is willing to take this show on the road, to go out into the states and make the case and actually reinforce that mandate he has and make republicans realize that those that want to work with him will be rewarded as people who are trying to solve people, those that want to obstruct will pay a political praice that they will feel at election time. >> his opening act has got to be rick ross. these haters are not going to hold me back. some
and tip o'neill reforming social security. ron reagan and tip o'neill during the current tax reform. bill clinton and the republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people, and we have, as everyone knows, a lot of challenges at the end of the year. i will be meeting with the president and the other leadership on friday to talk about the way forward. we look forward to being a part of the solution to the significant problems. it is my pleasure to turn to our newly elected whip, senator john corn andyn of texas. >> -- senator john cornyn of texas. >> is an honor to serve as the assistant leader on the republican side. we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solve the nation's urgent problems. we know what those are in the lame duck and we know what those are going forward. there is no mystery about that, nor is there any mystery to some of the solutions based on the president's own bipartisan fiscal commission and o
the bush tax rates for everyone except top income earners. such a bill passed the senate but is stuck in the house. if no such bill passes by end of the year, in january all the income tax rates will go back up to the clinton tax rates. so if republicans in the house succeed in preventing anything from happening this time, something will actually happen, and everyone's tax rates will go up. joining me, justin reuben and ezra klein. ezra, i want to start with you on something. justin was in the room with the president today, i am going to torture him in a second to get what the president said. we have what's being treated as breaking news tonight by some of the newspapers that the president's tax revenue target in going forward is 1.6 trillion. it is something he said before when he said his opening position negotiating this is his past budget position. but what is the emphasis now on the 1.6 trillion in additional tax revenue due to where the tax discussions are going to go. >> they are looking for 1.6 trillion. but people are missing what's important about the white house position. w
. and clinton was directly involved. i can remember getting calls from him at weird hours of the night. i always wondered what he was doing up. [laughter] he would know the section of a bill and how much money was in it. and i remember one like the schip, the children's health care program. he said, can we add 10 million more which was chicken feet. he made concessions to us and we made concessions to him and we got the job done. i think i am going to act a little bit like a republican. first off, while the democrats won, i wouldn't call this a mandate. if there's a mandate, it is for the president and the congress to start working together. he doesn't talk to members of congress. democrats will tell you that. he just -- he hasn't been engaged. and the problem is not enough revenue. the problem is too much spending. now, i sound like a republican. the solution, though, is we're going to find a way to get more some revenue and the ways to do it that would still provide growth in the economy without stifling growth and we're going to have to get entitlement reform. we're going to have to control s
Search Results 0 to 7 of about 8 (some duplicates have been removed)